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. good morning, every. the big weather story has been the drought and the heat throughout much of texas. we were very encouraged that we could get a tropical storm that would head over texas and you can see that big red blob. this is tropical storm don. it does not appear that don will bring us the relieve that we need. houston probably won't see anything, corpus krissy christy some showers. it has tracked further south than we would have liked. you can see that the bapath is more north/northwest. we wanted to end up in central texas. it looks like it will rain itself out over northern mexico and the mountains and that will quickly break the storm up. so even west texas may not get the relief we were hoping for. landfall should be sometime close to midnight and then it will quickly be moving out. so in brownsville, by saturday morning, this could be over with. and it should be anywhere between a 50 to 65-mile-an-hour tropical storm. so at bit of a pump, but it won't do any devastation. we were hoping for rain. you can see the scattered showers off the coast that will be arriving during
. if a crisis can be averted. if democrats and republicans can come to an agreement on the big fight that has been frankly smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down comes down to the wire, we are inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2. but this does not mean that we have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right
"morning joe." now time for "the daily rundown". >>> big disappointment on the job front. employment stalled, unemployment rises to 9.2%, stock futures dropping big-time on the news. the president will address the numbers later this morning. >>> no deal yet, but president obama and congressional leaders will work all weekend and instead of barbs we're hearing words like "constructive" and "productive." optimism abounds as a deal is truly in the works. both sides seem prepared for seergs concessions. what do these jobs numbers mean and will they hold up a deal as it gets rid of a lot of other issues at this point? >>> and with outside groups set to pour millions into the 2012 race, what's an incumbent pro president to do? is fighting fire with fire the answer? it's friday, june 8, 2012. >>> also this morning, waiting the final shuttle launch. will weather clear in time? and we've honored a departed friend you've invited into your living rooms for decades. >>> this jobs report, we thought the big news today would be the debt talks, but a stunning jobs report, gain of just 1
the table. >> to get a big package would require a big tax increase in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> reporter: on sin's "meet the press," treasury secretary tim geithner said failing to reach a deal would be catastrophic. >> we need to do something substantial to bring our long term deficit down over time. >> reporter: the stakes high as the two sides try again today. so, the president will be answering questions at a press conference scheduled for 11 a.m. eastern time this morning. he'll then meet with congressional leaders this afternoon. he's asked republicans to bring specifics for their plan. >> thanks so much. a reminder for you, we'll have live coverage of the president's news conference beginning at 11 a.m. eastern time right here on msnbc. the place for politics. >>> officials at nasa are closely monitoring a piece of so-called space junk, which is on a potential collision course with the space shuttle "atlantis" and the international space station. nasa estimates that the ob
's to resume their position because there's an answer to the big question. >> lilia luciano on verdict watch for us in orlando. thank you so much. >>> i want to bring in our legal panel to talk about deliberations and which side did a better job of proving its case. we have diane dimond and former prosecutor wendy murphy on the right side of your screen. thanks to both of you for joining us today. >> sure. >> before we get started, i want to play a bite from defense lawyer jose baez who on monday raised the issue of reasonable doubt, telling the jury they have it. take a listen. >> these are the facts that you have heard. and these are the facts that prove beyond a reasonable doubt that casey anthony is guilty of murder in the first degree. reasonable doubt lives here. it's throughout the case. it's right here. it's with these individuals. it's with those individuals. it's everywhere. you can't trust this evidence. you can't. >> all right. so we started with the prosecutor first. wendy, let me start with you. did the prosecution remove any reasonable doubt? many say that jose baez may have a
's here to dish on the debt and deal in taxes. and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that nothing besides the final deal can pass. meanw
of different ways. by the way, this is no big secret, it's not like i'm telling you something other people can't figure out very easily. but if you have one phone call another phone it creates a busy line. if you use a third phone to call in, it goes directly to the voice mail and if you don't have a pin, it's very easy to get somebody's voice mail. >> we talked about at&t. how vulnerable are they to getting hacked and do we need to make pin numbers mandatory in order to keep all of our phones safe? >> i think that's something to think about. right now the onus is on the consumer, it's on us to be proactive with our mobile devices to put that pin on there. you think of your smartphone these days. it's really like a small laptop. in my face it's almost as big as a laptop. but you store so much personal information on there that really the companies should be doing more for users, i would say, because they're such an extension of ourselves. because there's such critical information on there. you know, i don't want to single out at&t too much because all of the wireless carriers are aware that th
to remain. a big ridge of high pressure in control there and the drought will continue to worsen. it's not just the heat, it's also the storms. usually the big area of high pressure like you see on the map, you get storms to the north and east side of it. we'll see severe weather in the northeast and the coast guard still looking for two missing boaters out of chicago. they had gusts over 60 miles an hour in a storm and they overturned some of the boats in the water. back to you. >> heat still dangerous across the country in many places. >>> casey anthony has been a free woman for almost 35 hours, but where did she go and who is helping her as she transitions back into society? kerry sanders has the latest details shortly on that. >>> treasury secretary tim geithner speaking this morning that this morning specific items regarding the debt deal. one of the options that senators harry reid and mitch mcconnell or working on raising the debt ceiling in exchange for $1.5 trillion in cuts over ten years. this would also create a new congressional panel that would study ways to reduce the d
fitsity still. there's no legislative language. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put i
to an aquarium. >>> finally in north carolina minor league right fielder made a big-time play tuesday. he stole a show robbing one player of a run by making a miraculous catch just by taking a nasty tumble over the wall. oh, that didn't hurt. the player didn't suffer any injuries on the play, however. >>> now for a look at the national weather we turn to nbc's meteorologist bill karins. i don't know. it looks like it hit. >> a wall that's three feet high. it's only baseball. good morning to you, veronica. good morning to everyone else. as far as what we're dealing with out there, we're going to continue to watch the heat. there's a big story in texas where once again it was in the 100s. we had downpours in the mid-atlantic and in the northern area. it is high. these are the temperatures to start your morning. le dlarks 82 when you walk out the door. and you'll want the ac instantly if you're traveling in the big cities from boston all the way down to d.c. it was very sticky overnight. temperatures are in the 70s. florida in the 80s. wet weather wise, the only travel trouble this morning for rai
leaders are digging in on the big sticking point of taxes ahead of tomorrow's white house summit. chuck todd is nbc's chief white house correspondent and host of "the daily rundown." chuck, we've heard a lot from republicans. today at the bloomberg breakfast it was said that any tax measures had to be revenue positive over the long run that could be ten years out. eventually have to contribute toward deficit reduction. that is not what republican senator john cornyn was saying exactly the opposite what he said on our show yesterday that it has to be revenue neutral. how does the president hope to bridge this devoid? >> reporter: well, you know, they have an interesting tactic here. they believe and frankly behind the scenes so do house republicans believe it will be easier to sell a larger deal that has some things in it that nobody's crazy about on certain sides. whether some trims to entitlements on the democratic side or some of these revenue proposals on the republican side that if it's a large deal, $2.5 trillion to $4 trillion and maybe even $6 trillion in the out years meaning th
after trying to make a jailhouse visit? ♪ >> and a big turnaround for the music industry. how artists like lady gaga played a big role in the recovery. >>> good morning. i'm alex witt. welcome to msnbc saturday. first we go to the legacy of betty ford. the former first lady completely changed the way americans talk about addiction, breast cancer, and other tough issues that people used to deal with in silence. mrs. ford died last night at the age of 93, and she said she was an ordinary woman called on stage at an extraordinary time. nbc's brian williams has more. ♪ >> reporter: we got to know her all over again during the week of mourning for president gerald ford, her strength and dignity still intact 30 years after leaving the white house. >> i was an ordinary woman called on stage at an extraordinary time. >> the president's first and our first lady, betty ford. >> reporter: elizabeth bloomer ford, never expected to be anything other than a congressman's wife. >> his wife, betty ford. >> reporter: but she became first lady the day richard nixon resigned. it was, she later said, t
republicans. that would offer a big challenge to mitt romney. >> keith, why is at this moment rick perry holding out? >> i wish i could tell you what's going on inside rick perry's head. i think he's probably deciding if he's a legitimate candidate. if he can win the gop nomination. i think he is threatened by michele bachmann. i think she's sort of obviously protects the same type of people that are part of her base, part of his base. there's the question of electablity. if he wins the gop nomination, could he win the presidency? could he beat obama obama? i'm not convinced he could. >> what do you think, john, who would be the builtest threat to barack obama of three? >> i think romney would be the biggest threat. i think perry would come in second and i think that bachmann could would come in third. mitt romney has the organization out there. he has a compelling story when it comes to turn around artists. he turned around the olympics. he turned and massachusetts and turned around -- i think people want a turn around artist. perry has a story to tell about what he's done in texas as f
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
as well. so we need to do something big. >>> plus, decline of an empire? murdoch makes the cover of "time." the uk makes another arrest. and u.s. lawmakers demand investigations into news corp's actions here at home. >>> strikeout. why did the judge just declare a mistrial in the roger clemens' perjury case? >>> good day. i'm andrea mitchell live in washington. it's round five of the debt talks today. coming off the most heated exchange yet in the debt negotiations between president obama and republican leaders. eric cantor says the president all but stormed out of the last meeting. democrats have a different story. their version is that in fact, it was the republicans' fault. major garrett is congressional correspondent. here we are unveiling the cover as we do every week of the "national journal." let's talk about these negotiations. we've got he said/he said, basically. you have two sides accusing each other of storming out. it clearly got a little bit testy. >> it got testy -- >> we're told cantor interrupted the president several times. >> eric cantor was persistent, i'm sure. eric c
to raise the debt ceiling. everybody fr everyone agrees. this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to govern. they won. they ought to take this deal. >> mr. brooks, conservative columnists, is saying come on. you are marginalizing yourself. can't even you even hear from your own people that ideal logically agreed with the republican line. >> well, look, reverend sharpton, you showed some polls a minute ago that showed 70 or 8 30ers don't agree with republican owns this or that or the other thing. if the republicans are standing up for their convictions and beliefs against the tide of public opinion, it may be political courage an political decis
people on board. it looks like right now they're headed in the right direction toward a big plan, exactly what the president wanted. lynn? >> brian, thanks so much. well, last night on "chris matthews," chris asked gang of six senators, mark warner what sets their deficit reduction plan apart from other proposals put forth by republicans? >> this is the first time we've seen a bipartisan plan that includes revenues, that, it really is comprehensive, it's bipartisan. it isn't perfect. but when the alternative is we're going to drive this country over the cliff, i think we've got to start with something that actually gets the job done, that gives us that comprehensive approach, and the fact that we had a whole lot of democrats and republicans yesterday saying, yeah, i'm ready to at least move to the next step, was a good sign. we've got to realize we're 13 days away from a default. we're 13 days away from an indirect tax increase with every american where their interest rates skyrocket and the government can't pay its bills. we've got to be responsible and get something done. if we can buil
was big news there and big news here. how else did the media react and what else have we learned about the scandal. >> republicans have laid out a responsible and detailed path forward, and the house has passed it. >> jon: the house passes a plan to fix the debt crisis, but the media condemn the effort. >> do we really have time for a plan that is really just show? >> and the great debt debate goes on with more distortion from the liberal press? >> there he's saying brinksmanship, trickery around the time of a deadline just to get your way is sort of economic terrorism. >> has the negative media coverage hurt the effort. >> g.o.p. presidential candidate michele bachmann goes on the defensive after a negative story about her health and ability. did that story fail the journalistic ethics test? >> having fired the imagination of a generation, a ship like no other, its place in history secured, the space shuttle pulls into port for the last time. >> and an end to an era, with no clear future for a u.s. role in space, if the media lost interest? and captain america is back. and the media r
'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a major distra
that washington could be on the verge of its first-ever default. the big question now, how might wall street react this morning? >> it's unthinkable that this country will not meet its obligations on time. it's just unthinkable that we'd ever do that. >> reporter: a market slide could affect what you pay for mortgages, car loans, financing college. right now, washington is stuck on the timing. democrats and republicans want to tighten this up now. >> i don't think they have they choice. >> reporter: republicans want a short-term deal. cut $1 trillion now. and then, more cuts through the elections. >> and not some short-term gimmick. >> i know the president's worried about this next election. my god. shouldn't we be worried about the country? >> reporter: speaker boehner told conservatives to be ready to make compromises. >> if you break it, you own it. >> reporter: has the world been looking at all of this? one english official says right-wing nutters, as he calls them, in congress, are causing more of a problem for the economic economy than the crisis in europe. >>> the man accused in the massacr
fourth of july weekend. we'll see you -- >> big mets-yankees series in new york tonight. >> i'm always rooting for the national league. you have to stick it to the big guys. congressman, thanks. >> thank you. >>> all right joining me now, chief congressional correspondent for the national journal. doesn't want to kick the can down the road. >> right. >> sounded like a guy who, if that's the deal that's cut and there's a temporary deal, right now, that's what smells like is coming. >> yes. >> he did say i will vote against that. what they say and don't say matters. he didn't say i will vote against them. it's going to have to be against the house leadership to agree to a short term resolution to this absent huge deal. >> eric cantor told me this week, there's a great column on this, a great column about eric cantor. if we look in five pots here, the white house, senate republicans, not democrats house democrats, all reluctantly support the short term deal. the one who wouldn't, house republicans. >> they don't want to vote twice. there's a number of the house majority that total 239 tha
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
're going to have to push the big changes to deal with the deficit and debt, going to have to go down the road a bit and to the long term, maybe more than ten years? >> chris, i don't know about more than ten years, but certainly as you know, simpson boles, senator simpson and former chief of staff irskin boles, in their report they proposed making substantial cuts, raising revenues and across the board with all items of expansion. but they said in the near term, meaning the next year of so, we need to be very careful that we did not have the opposite effect by dampening down the struggling economy, obviously, as we saw today, which will decrease revenues and make the problem worse, not better. so in the short term, i agree with the bowles-simpson suggestion that we be very careful in the short term. there's no doubt, however, in the white house yesterday, or thursday -- yesterday -- there was a clear agreement that this was a serious, serious challenge that confronted us and it demanded at all of us try to come together and reach an agreement whereby we will certainly over the next 1
'll hear the latest on the debt ceiling. a big weekend in florida. the closing arguments expected in the casey anthony trial. the big question did the defense drop the ball on a key witness? >>> fast food nation. not the united states, but russia. it's the american invasion of the former soviet union where you're going to find surprising places to eat. >>> skyrocket on the fourth of july. not fireworks but prices. we're going to tell you how much this independence day celebration will cost you. >>> good morning, everyone, i'm alex witt. fascinating new twists in the sex assault case against the former head of the imf. first, a big weekend in orlando in the casey anthony murder trial. closing arguments scheduled for tomorrow as the case enters its final phase. friday saw dramatic testimony from the employer of cindy anthony, that's casey's mom. the employee refuted sipdy's testimony that she searched for the term chloroform on her home computer because he say she was at work at the time. >> it appears to be from on the screen there's activity throughout the account throughout this
an agreement on the debt ceiling. >>> our top story it was touch and no go for a big waiting and wondering game to see if the weather could cooperate. about half an hour ago the "atlantis" was cleared for takeoff and off it went. take a look. >> america will continue the dream. >> this is the 135th and final space shuttle flight. with it nasa's 30-year shuttle program comes to an end. msnbc's tam ron hall host of "news nation" is live at cape canaveral. you were will watching the entire thing, tam ron. could you feel it? >> absolutely. you know, richard, before the launch, several of the veterans around here told me that you could actually feel the ground shake and ufld feel the tremor. i thought, these are urban myths that you hear. not only did ulf, i felt the tremendous morse. i felt it reverberate through my body. we are the conduit for those at home, i was moved to tears witnessing that four-person crew going up on the final launch of the shuttle program. it is incredible. "atlantis" has traveled other 115 million miles. it is the lightest in the fleet. it was built at a rapid pace because
's a big question. they clearly can't have an opening in the treasury secretary's post right now. so it would leave the white house and the administration in a lurch if he were to, you know, really plan an exit without a clear succession plan. but treasury secretary geithner is clearly exhausted. >> but that is exactly why it stee seems to me so odd. it sounds like what people are expecting out of this white house when it comes to economics these days, so maybe it's just par for the course. jeff, does it strike you as just kind of bad politics, bad timing? what's your take on this? >> i don't think anyone in the world cares much who's the treasury secretary. people care that the economy is not recovering, and he is the leading representative of it other than the president himself. things were getting better in may. they stopped getting better. this is a problem in substance, and it's a problem politically. shuffling around the boxes doesn't matter, but the lack of a sense that anything is getting better or there's a plan to get things better is a big, big problem. >> jeff, there's ab
is a big point of concern here. nancy pelosi was very adamant yesterday, saying that the republican caucus would not accept any deal that would cut medicare, cut social security. and remember, they're most likely going to need democratic votes to get this across the finish line because we're expecting any type of deal to extend the nation's debt limit will get a lot of republican defection. >> we just got the two-minute warning. we saw some activity from one of the staffers coming out to put president obama's notes at that podium. so i want to keep you with me right now to talk about what can we expect with the president telling everyone they need to stay in town, not go home, there's going to be work over the weekend, and that they're going to be in session next week trying to hammer this out? >> they're going to be in session next week. and we also got word the house will stay in session july 18th. essentially what you're seeing now, thomas, is some of it's political show, obviously, when people have to work on sunday that sends a message to the american people, you're having your day of
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
're going to start with the big event in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question will we see any progress this weekend. this as president obama warns that failure to take action could lead to serious financial fallout. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs. we don't need more studies. we don't need more a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. >> the republicans say they have a new long-term fix. a new amendment to the u.s. constitution. let's go straight to aaron mcpike. an issue of what is at stake today. a reporter with real clear pricks. what is this budget amendment? before we get to that, i want to show people what is at stake in terms of the numbers. $23 billion in social security payments. that's a payment that's on the united states' credit card bill. $87 billion that's another number that's being watched. august 15th also will come due $30 billion in interest paym
>>> good wednesday everybody. i'm contessa brewer covering the big news coast to coast. the big story we're watching right now, debt, deficit, downgrade, deadlock. there's six more days until the august 2nd debt default deadline. really, does anybody think there's going to be a deal? >> it can pass the house and pass the senate. i hope the president will consider signing it into law. >> the speaker's proposal cannot pass the senate, will not reach the president's desk. >> another day, another delay as washington tries to come up with a debt deal. today's breaking news a bipartisan group did the math on both the duelling democratic and republican debt plans and both come up short on their projected savings goals. democrats put their bill on hold. while republicans scramble to rewrite theirs. >> things are very fluid. >> today's house vote tabled while gop leaders try to get reluctant freshman on board. >> i want a solution, not a deal. i don't think this goes far enough. >> does this keep us in the battle. >> john boehner has a group of people that believe their way is the correc
, changing. one of the big concerns and senator harry reid brought this us up yesterday s if they don't come up with a deal soon, how might the markets react and how might that effect ordinary families? veronica? >> tracie, thank. >>> last night on "the last word with lawrence o'donnell" lawrence asked bruce bartlett if his interpretation of the 14th amendment to the constitution which says that authorized u.s. debt incurred for payment of pension shall not be called into question means that congressional is not actually required to raise the debt ceiling. >> i think a broad reading of that provision of the constitution is justified. especially the part about the pensions. because that implies a symmetry, to things such assess which one can argue is a debt that is owed to the people who pay the taxes and the expectation of getting a benefit. that would be true of medicare benefits, and, of course, a lot of what the government pays for is vendors who provide goods and services to the government, especially the department of defense. it seems to me all of those things can be legitimately consi
, social security. things like that. things obama says would be a sacred cow for democrats. talk about big numbers. that $4 trillion was the largest number we've heard so far but that does not sit well with republicans, because they wanted absolutely no tax increases. president obama, democrats told me, simply said, look, i'll give you $4 trillion in spending cuts. give me one-third in new tax increases. something in ordinary political years i'm told by democrats, most republicans would jump on. after this has played out, over the last few days, mitch mcconnell came through with a last-ditch plan. here's what he had to offer. >> i would advocate that we pass legislation giving the president the authority, the authority, to request of us an increase in the deficit would take us past the end of his term. we would authorize him to request of us that we raise the debt ceiling for the amount that he says he needs. require him to list spending cuts he would make in the same amount as the debt ceiling request he's making of us. >> reporter: so, dylan, if you didn't quite get all that you're not a
>>> the big story today, money talks. i'm matt milner for dylan ratigan. you'll be shocked. no magic the fix out of today's bipartisan sitdown at the white house. more agreeing to disagree for now. >> nothing is agreed to until everything is agreed to and the parties still far apart on a wide range of issues. everybody acknowledged that there's going to be pain involved politically on all sides. >> still, the president hinting at subtle signs of progress. now pushing to double the size of proposed spending cuts to $4 trillion over ten years. democrat and republican leaders will work through the weekend and meet with president obama again on sunday. areas of potential xpra mize, closing loopholes in the tax code if it doesn't sound like a tax code and changing yearly adjustments for social security. yes, social security is back on the table. though the white house says their only goal, "strengthen the program." keep in mind the august 2nd august debt ceiling deadline is less than four weeks away. mike viqueira is live on the lawn of the white house. what if anything was acco
now, august 2nd is the big date, and the hard deadline or the u.s. default defaults on the $14.3 trillion debt. the white house says that lawmakers need a basic plan in place by today if they are going to be able to craft a bill in time to avert a default. nbc's kristen welker is following all of this for us live at the white house. kristen, good afternoon. where do we go from here? what is the bottom line? a lot of talking from the white house and the republicans and where does it all stand and what is next? >> hi, there, jeff. house speaker john boehner and president obama are saying that they are not close to a deal, but there has certainly been a lot of chatter about a potential deal. here is what it would look like. it would involve $3 trillion in deficit reductions over the next decade. it would include immediate cus s to discretionary spending right off of the top, and then over time, you'd see some changes in entitlements things like social security and medicare and also some changes to the tax code including a roll back for tax breaks for the wealthy americans and the
>>> big news in washington this morning. one debt ceiling deal seems dead. will a critical meeting later today help save the country's economy. >>> the space shuttle docks for the last time with the space station. we'll get a unique perspective from a former astronaut. >>> rolling out the red carpet. take a look at this. the british royal couple meet and greet some of hollywood's biggest stars. we'll get all the buzz from their trip. >>> busting medical myths. a new book that separates fact from fiction on some big health questions. for example, does vitamin c really help stop holds? i'd like to think so. >>> good morning, i'm thomas roberts. alex witt has the day off. welcome to msnbc sunday. big news to talk about from washington this morning on those debt ceiling talks. it appears at least one deal is dead. the so-called grand bargain between the white house and the gop will not be happening. the grand deal called for $4 trillion in spending cuts and closing some tax loopholes. now republican house speaker john boehner says he wants no tax hikes included in the deal. but could a
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